Fraud, Scams & Cybercrime

Singapore Prosecutors Establish Technology and Crypto Crime Task Forces

19/10/2023

Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.

Cloud & Infrastructure

MAS to Cooperate with Saudi Central Bank on Fintech

19/10/2023

MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.

Trading & Investment

SSE to Transition All Bond Bookbuilding to Centralised System

18/10/2023

The Shanghai exchange said bond issuers can use the centralised system voluntarily until 31 December, then it will become mandatory.

PEPs & Sanctions

OFAC Sanctions Hamas Operatives, Financial Facilitators

18/10/2023

OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.

Anti-Money Laundering

MAS to Commence Bank AML Inspections Within Weeks – Report

18/10/2023

The inspections will target banks whose clients were among those charged in Singapore’s S$2.8bn money laundering case.

PEPs & Sanctions

US Tightens Export Controls on Advanced Computing Chips

18/10/2023

The Commerce Department said changes are needed to maintain the effectiveness of the export controls imposed in October 2022 and close loopholes.

Payments & Settlements

CPMI Seeks Feedback on Governance of FPS Interlinking Arrangements

18/10/2023

The interlinking of fast payment systems is “one of the most promising solutions” for enhancing cross-border payments, CPMI says.

Anti-Bribery & Corruption

Former Bank of China Chairman Arrested on Corruption Charges

18/10/2023

Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China’s anti-corruption campaign.

Structural Regulation

Russia’s Sberbank Secures FPI Registration in India

18/10/2023

State-owned Sberbank is the first Russian bank to secure Category I FPI registration in India. VTB is also seeking the licence.